To this political institute.> though the basic protection of banks of issue from

Direct political pressure it will be provided by the international character

Issue business ,

The trust to any establishment will depend, mainly, on trust to
To the government at which it has been created. To eliminate suspicions in

Service of political interests of the countries in which they are founded, important,

That the competition of the banks which headquarters are located in took place

The different countries. With the greatest trust, at least, while it is provided

Preservation of peace, the institutes created in will use, possibly,
The small rich countries for which the international business is important
Source of incomes and which for this reason should care especially about
The financial reputation.
Pressure for returning to national monetary monopolies

Many countries, most likely, will try, by means of grants and similar measures

To save own bank which is letting out national currency to which it is necessary

To address along with the international currencies, even if activity of the such

Nationalist and socialist forces the foolish propaganda against
Multinational corporations will force the governments to return gradually to
To present system of exclusive national emitters of currency, means
Grantings of advantages to national institutes.
Renewal of the governmental control over currency and capital movement
The main danger will proceed, however, from attempts of the governments

To supervise the international streams of currency and the capital. The power over these

Streams now is the most serious threat not only

To functioning of the international economy, but also personal liberty; and this threat

It will be saved until the governments possess material force, that

To impose such control. It is necessary to hope that people gradually distinguish this

Threat to a personal liberty and completely will forbid the use of such measures, having fixed

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